Ashland may seek buyers for business with $2B revenue

10:57 AM,
Jul. 25, 2013

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| Bloomberg News

Ashland Inc. plans to sell an elastomers unit and will consider the divestment of a water- treatment business, transactions that could eliminate $2 billion from the U.S. chemical maker's revenue.

A sale process has already started for the elastomer tire-materials business, it said in a statement today. The asset, inherited with the purchase of International Specialty Products for $3.2 billion, generates about $330 million in sales. The Covington-based company is also considering options, including a disposal, for its water treatment business, which had $1.73 billion in revenue ...